XME, ULE: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Metals & Mining ETF (XME), where 950,000 units were destroyed, or a 3.2% decrease week over week. Among the largest underlying components of XME, in morning trading today Coeur Mining (CDE) is up about 1.5%, and Allegheny Technologies (ATI) is up by about 0.4%.